29655 Detroit Rd - Apartments FOR SALE


Westlake, OH 44145
$2,500,000 USD
440-258-9126
29655 Detroit Rd, Westlake, OH for Sale
$2,500,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

29655 Detroit Rd
Westlake, OH 44145


OVERVIEW

Prime Westlake Location Apartment Building Investment Opportunity: This well-maintained, 15-unit apartment building offers an excellent investment opportunity in the heart of Westlake, Ohio. Strategically located near Crocker Park, I-90, and a major RTA line, this property provides convenient access to shopping, dining, and transportation. Assumable loan at 4.1%. Upgrades from owner since 2022 include windows, parking lot, security system, plumbing/electrical/ and much more. Reach out for financials and rent rolls. Key Features: High Occupancy: 100% occupied with a mix of one, two, and three-bedroom units. Ample Parking: Over 20 parking spaces ensure plenty of room for residents. Recent Updates: All units have been modernized within the last six years, ensuring a desirable living environment. Income Potential: The common apartment laundry facility offers an additional source of income. Prime Location: Proximity to Crocker Park, I-90, and RTA provides excellent accessibility and desirability. Don't miss out on this exceptional investment opportunity

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

15

PRICE/UNIT

$166,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,755 SF

ZONING

R-MF24

APN/PARCEL ID

211-27-005

ASK ABOUT THIS PROPERTY

Michael PasadynRussell Real Estate ServicesMore Info
440-258-9126

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Michael PasadynRussell Real Estate ServicesMore Info
440-258-9126

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.